CAPITALA (5099): Director Shares Transactions

Monday 1 January 2024 1 USD = 4.5951 MYR
Friday 29 March 2024 1 USD = 4.7247 MYR

Brent crude at 1 Jan 2024: USD 75.54
Brent crude at 29 March 2024: USD 86.97

So quarter 1 end 31/3/2024.
What will be capA realised and unrealised currency exchange losses? And What will be capA jet fuel cost?
Can capA make any profit for quarter 1 end 31/3/2024?

2 weeks ago

https://youtube.com/shorts/c9E1e6JKVjU?si=It_HOrIp1eDZmR0R

2 weeks ago

Just for information I am not a shareholder of AAX or capA but that did not stop me from presenting the available figures and facts to whoever interest in reading this i3 capA forum.

By the way anything wrong on facts and figures that I used to reprimand the TA analyst?

As a qualified and certified CFA your report should be based on your professional opinion/view on what was presented to you by CapitalA (Facts and Figures) and not your personal biased opinion. Quote; ”The increase in capital deficit would not derail its regularisation plan to uplift the company from PN17. In fact, the company has submitted the draft document for consultation to Bursa Malaysia and is confident to complete the regularisation plan by 4Q23 or 1Q24. The operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23” Unquote

2 weeks ago

Am I wrong to point out the below facts?

Capital A financial
- Group EBITDA up 325% YoY to RM462 mil on the back of Revenue of RM3.2 bil
- Group operating cash flow over RM1 bil.

Question 1: Why only present the positive; Group (“EBITDA”) of RM462 million in 2Q2023 and Group operating cash flow over RM1 billion to general investing public and IBs analyst but omitting to state that under MFRS 16:

(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;
(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.

2 weeks ago

I am chemical engineer by profession (MU 1986 chemical engineering graduate).
I had taken some course on accounting for non accountant as my jobs involved reading financial account and preparing project IRR and production costing.

2 weeks ago

ykyew11

Well at present, I am incline to believe the TA analyst but who knows time will tell, AAX will likely bear the brunt eventually since majority of the debt comes from aviation, hence the fund raising post disposal. It is mentioned in the interview with Tony that post disposal, Capital A will have little debt, primarily from the $100m for ADE and $35 for Teleport. Main question is whether Bursa will approve lifting PN17 after the disposal or will require Capital A to post profits for 1 or 2 quarters.

2 weeks ago

Will AAX's BOD be considered as commiting the below offend if they take on capA aviation's assets and liabilities knowingly very well that after the merged AAX most likely will default in debts repayment? (Need another round of debts restructure, capital reduction and shares consolidation)

The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’.

Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:

“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”

Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:

“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”

If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration

2 weeks ago

metaverse

s = student, t = teacher

s: What do you call a company with negative assets?
t: company that's about to go out of business.

s: What do you call a company with negative assets that's trying to raise money?
t: A company that's about to be sold for scrap.

s: What do you call a company that's always losing money?
t: A company that's not on the i3 forum!

s: What do you call a company with negative assets that tries to sell itself as a positive investment?
t: A pipe dream.

s: What's the best way to invest in a company with negative assets?
t: Don't 😁

2 weeks ago

metaverse

欢迎来到 i3 论坛，这里是充满彩虹和阳光的幻想世界。梦想就像一个脆弱的泡沫。现实是冷酷的。一个负资产的公司，变来变去，还是负资产。一花一世界，一木一浮生，一草一天堂，一叶一如来。日落西山，百鸟归巢。秋去冬来，周而复始。

见微知著，以小见大《鬼谷子》。

2 weeks ago

wow china is taking interest on cap A.. jack ma must like tony. soon the world will know cap A , nasdaq golen stock, dont miss , shoot up and fly non stops ,,, no return, one WAY !

2 weeks ago

https://youtube.com/shorts/plQUApe5sng?si=52_p3xyOxgrkAhH3

2 weeks ago

goldmanbull

Still many Stony die hard fans

2 weeks ago

paktua73

morning all capitalla forum readers..
paktua back with swing pick..
now paktua focus on new born stock 24..
come look on other opportunities..

paktua back swing on new born stock..
joined paktua on good hot new born stock..
paktua back pick new hot counter for march till june..

so paktua n team we will focus on

1-Mtec paktua target minimum rm1.25 (main target rm1.43)
2-KJTS paktua target minimum brm0.80 (main target rm0.93)
3-Hegroup Paktua target rm0.70
4-Zantat paktua target rm0.70(now only rm0.50)

set from 21hb march 24.till 7hb june 24..
come joined paktua Swing team..
let we fight together

tut tut
come joined paktua swing team..
sent request at tele @swingdarkred73

2 weeks ago

HaHassan

Macam mana paktua punya tp untuk Capital A?

2 weeks ago

Airport is now rm 10.... cap A should be rm 1 too.. only matter of time , good news coming ,, nasdaq , pn17 out , what are u waiting for?

1 week ago

Sslee This is because MAS reset it Balance sheet with a debt restructure whereas capA Balance Sheet is a total disaster.
31/12/2023: 31/12/2022
RM'000: RM'000
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)
Net current liabiliaties: (12,507,207): (8,509,066)

Malaysia Aviation Group Awarded the ‘Restructuring Deal of the Year’ Award at The Aviation 100 Deals of the Year Awards 2022
13 MAY 2022|MALAYSIA AVIATION GROUP
KLIA, 13 May 2022: Malaysia Aviation Group (MAG) has emerged as the winning entity for ‘Restructuring Deal of the Year’ at the Airline Economics’ The Aviation 100 Deals of the Year Awards 2022 following the successful restructuring exercise, which saw the Group reduce its liabilities of over RM15 billion and eliminating RM10 billion in debt mounted from decades-long issues of its balance sheet.
23/03/2024 11:52 AM

Sslee

How does MAG do it?

Didn't know they are Magician too..

Meow

1 week ago

AAX and MAS get it done and over with. The question is why capA does not do it when the iron is hot?

Lessors will now just call back their planes if you are late in lease and interest payment.

1 week ago

Cap A lease payment to lessors are now:
Quarter end 31/12/2023
RM'000
Depreciation of ROU assets: 449,765 culmulative 12 months 1,574,356
Finance cost-lease liabilities: 252,438 culmulative 12 months 908,771

1 week ago

DickyMe

Buy order placed!

1 week ago

DickyMe Buy order placed!
08/04/2024 11:08 AM

Haha bought oledi. Been in and out of this counter many times. BUY LOW SELL HIGH and oledi locked profits. Holding cost is so good..always GREEN as this counter P&L is very positive and has always been positive.

Mabel loves this operator. So holding CapitalA is never a problem..

Now waiting for the real breakout...

To New York with loves...

Captain Mabel Meow

1 week ago

thesigncom

headless chicken with no clear direction at the moment

1 week ago

DickyMe

"DickyMe

Buy order placed!

6 hours ago"
=====================
Update: ALL MATCHED!

I am in the game! Giddy Up!, Tony!

1 week ago

Meow Meow Meow Dicky!

To New York with Loves with Tony..

1 week ago

JrWarren

Worry about capital gain in CAPITALA and no dividend ?
Why dont buy loan stock to enjoy 8% interest and convert loan stock into mother stock once CAPITALA share price go beyond exercise price of RM0.75?

After listing in USA, you also can buy their USA shares to enjoy royalty income payout first while waiting share price go up.

Cashflow (dividend, interest, royalty) is a form of motivation to keep me hold this share (asset).

Work smart and not wait hard.

1 week ago

riskabsorber

Count down 83 days.

1 week ago

KUALA LUMPUR (April 9): The negotiation period for Capital A Bhd’s sale of AirAsia's aviation business to AirAsia X Bhd (AAX) has been extended for the second time to April 30, 2024, the two listed companies said.

Capital A and AAX have mutually agreed to extend the negotiation period for the sale of the aviation subsidiaries, namely AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAAGL), their respective filings showed.

The negotiation period, which was initially set for two months, was first extended to April 15.

1 week ago

ronaldotheGOAT

Capital A and AirAsia X say they need until April 30 to negotiate disposal of aviation business

https://www.nst.com.my/business/corporate/2024/04/1036184/capital-and-airasia-x-say-they-need-until-april-30-negotiate

1 week ago

DickyMe

90 sen coming soon!

1 week ago

newbietrader9

it's the time of the season
love runs high

1 week ago

extension for share price to shoot up. 20 days for cap A to reach 1.00 +++ , we going to raya raya raya

1 week ago

How to close the deal when capA aviation is in deep debts and AAX do not have the money to bail out capA?

1 week ago

EatCoconutCanWin

Merger good job. This time double down my investments

1 week ago

Rule no. 1: Stony is not making donations.
Rule no. 2: Always remember rule no. 1

1 week ago

No alcohol challenge

6 days ago

stockraider

Avoid loh!
High chance alot of people got kon loh!

5 days ago

EatCoconutCanWin

Is time to average

4 days ago

JrWarren

If Microsoft is making a video specially for Malaysia, the international investors are focusing on Malaysia too.
More opportunity / travel to Malaysia? We will find out in future.

https://www.youtube.com/watch?v=VcSJ4tRHq-Q

4 days ago

EngineeringProfit

Wait....the International Society of Royal Artificial intElligence and Liberty is making a part two video on how human can insult their own religion by making it the world laughing stock, entitled from socks to shoes, floor mat and burger wrapping paper in the drain

4 days ago

Airport green ... cap A nvr follow
Airport RED.... cap A ikut !! oh well ,, hodlll!

4 days ago

BOD of CapA is now come out to clarify that contrary to the report, there was no media interview conducted on March 4, 2024, with The Edge or any other entity.

So who is telling the true? Stony or theedgemalaysia?

OTHERS CAPITAL A BERHAD ("CAPITAL A" OR "THE COMPANY") CLARIFICATION ON NEWS ARTICLES FEATURED IN THE EDGE MALAYSIA ON 15 APRIL 2024
CAPITAL A BERHAD

Type Announcement
Subject OTHERS
Description CAPITAL A BERHAD ("CAPITAL A" OR "THE COMPANY")
CLARIFICATION ON NEWS ARTICLES FEATURED IN THE EDGE MALAYSIA ON 15 APRIL 2024
We refer to the news article titled “Capital A seeks private placement to raise up to US$400 mil, say sources” in The Edge for the week of 15 April 2024 to 21 April 2024.

The Company wishes to clarify that contrary to the report, there was no media interview conducted on March 4, 2024, with The Edge or any other entity.

We wish to inform the shareholders that Capital A currently does not have any intention to undertake a private placement of new ordinary shares in Capital A of up to USD400 million. However, the management is in the midst of exploring a potential fund-raising exercise by its aviation business. The evaluation is still in its preliminary stage and the Board of Directors has not been presented with firm proposal to deliberate on. Shareholders are advised not to speculate in the trading of shares of the Company.

The Company will update the shareholders if there is any material development of the above matter in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The management intends to request The Edge to retract the report to ensure accurate representation.

This announcement is dated 15 April 2024.

4 days ago

TonyHandsMan

another timing to average down

3 days ago

TerrenceLim

How many time u can average down?

It is a scam stock

2 days ago

Just wonder why people wants to average down a hopeless PN17 capA?

Still The No. 1 Rule For Stock Market Investors: Always Cut Your Losses Short

Judo masters begin not by learning how to throw, but how to fall. They practice this skill until it's as natural as breathing. No matter how many times they're flipped, they can rise to fight again.

Highly successful stock pickers go through similar training: They must learn how to cut their losses short. This means selling a stock when it's down 7% or 8% from your purchase price.

Sounds simple, but many investors have learned the hard way how difficult it is to master the most important rule in investing.

No one wants to sell for a loss. It's an admission that you made a mistake. But if you can set your ego aside, you can take a small loss and still be fit enough, both financially and mentally, to invest the next day. Cutting losses quickly prevents you from suffering a devastating fall that's too steep to recover from.

2 days ago

Meow Handsome Sslee...

The principles of Judo offer valuable insights that can be applied beyond the martial art itself. Judo’s approach to winning aligns with successful investing:

Adaptability and Resilience: Judo masters learn how to fall gracefully and recover swiftly. Similarly, successful investors understand that setbacks are part of the game.
Just as a Judoka adapts to their opponent’s moves, investors must adapt to changing market conditions, economic shifts, and unexpected events.

Cutting Losses Short: In Judo, knowing when to concede a throw or hold is crucial. Sometimes, it’s better to yield and avoid injury than to resist and suffer a defeat. Similarly, successful investors recognize the importance of cutting losses. If a stock is declining significantly, they sell early to limit losses rather than hoping for a rebound.

Risk Management: Judo practitioners assess risks during a match. They calculate the probability of success for each move. Investors should also evaluate risks. Diversification, position sizing, and setting stop-loss levels are essential risk management techniques.

Timing and Opportunity: Judo throws require precise timing. A well-executed throw catches the opponent off guard. In investing, timing matters. Recognizing opportunities (buying low) and knowing when to exit (selling high) are critical skills.

Leveraging Strengths: Judo leverages an opponent’s strength against them. A smaller Judoka can defeat a larger opponent by using their momentum. Similarly, investors should play to their strengths. Understand your investment style, risk tolerance, and expertise.

Emotional Discipline: Judo teaches emotional control. Reacting impulsively during a match can lead to defeat. Investors must remain disciplined, avoiding emotional decisions driven by fear or greed.

Continuous Learning and Improvement: Judo practitioners train relentlessly to refine their techniques. Successful investors also learn continuously, adapt to new information, and improve their strategies.

Remember, just as a Judoka rises after a fall, investors can recover from losses by staying disciplined, learning from mistakes, and persistently pursuing their financial goals. It’s all about managing excpectation, the rest is technology

2 days ago

Watashi-tachi no seikō no tame ni

2 days ago

The best person to answer this is Tony himself. Yes, Capital A Berhad, the parent company of AirAsia, has indeed taken steps to dispose of its aviation business. Here are the details:

1. Disposal of Aviation Business: Capital A has entered into a non-binding letter of offer with AirAsia X Berhad (AAX) for the proposed disposal of its aviation business. This includes AirAsia Berhad (AirAsia Malaysia) and AirAsia Aviation Group Limited (subsidiaries in Thailand, Indonesia, Philippines, and Cambodia).

2. Strategic Move: The goal is to streamline the group and facilitate a business-centric valuation of separate entities. By selling the aviation business to AAX, Capital A aims to create an aviation pure play under the AirAsia brand. This move is expected to unlock greater value for shareholders.

3. Benefits: Focused management and a clear strategic direction will enhance the aviation business’s capacity for growth and profitability. Separating the aviation business allows non-aviation businesses within the group to be recognized for their intrinsic value and potential.

4. Exit from PN17: Following the disposal, Capital A shareholders will become shareholders of the two strong listed companies (aviation and non-aviation). The decision aligns with market preferences, providing clearer understanding and valuation.

5. Regularization Plan: Capital A is in the final stages of finalizing its PN17 regularisation plan. The group aims to submit the plan to Bursa Malaysia in the near future. The plan involves creating a pure aviation play and lifting the PN17 status.

In summary, Capital A’s strategic disposal of the aviation business aims to improve financial stability and create distinct entities. Exiting PN17 involves implementing the regularisation plan and focusing on both aviation and non-aviation ventures

Source:

https://www.businesstoday.com.my/2024/01/08/capital-a-disposes-aviation-business-to-airasia-x/

https://www.thestar.com.my/business/business-news/2023/06/02/capital-a-to-unveil-pn17-regularisation-plan

1 day ago

riskabsorber

Counting down 7 trading days to see CapitalA in suspend/ delist.

11 hours ago

geary

CapitalA Weekly Pivot Point Momentum!
S2: 0.645.
S1: 0.67.
PIVOT: 0.70.
R1: 0.725.
Negative Momentum....may trend lower!?
Dis: Trade at your own Risk!

2 hours ago